The latest from Lockton for you;
Lockton, the world’s largest independent insurance broker, has agreed to take c.250,000 sq ft at 47–50 Mark Lane in the City of London, almost doubling its London footprint; practical completion is targeted for Q1 2029. The agreement represents the largest pre-let in the City of London to date in 2026.
European real estate private equity specialist Benson Elliot, a MetLife Investment Management company, and Hobart Capital Partners have pre-let the entirety of The Mark, a c.250,000 sq ft Grade A office development at 47–50 Mark Lane, to Lockton. The transaction is the largest single occupational pre-let in the City of London in 2026.
Lockton will relocate from the St Botolph Building, its London home since 2010, where it currently occupies approximately 130,000 sq ft. The move doubles its London footprint and establishes a London headquarters for Lockton’s International regions, supporting its businesses outside of North America. The London office of Lockton Re, the global reinsurance business of Lockton, will also relocate to the new office.
The Mark occupies a prominent freehold site in the City of London, with triple frontage overlooking the Tower of London and Tower Bridge. The 12-storey development, designed by 3XN & Orms, will deliver best-in-class office accommodation with significant terracing, high-quality public realm, and market-leading sustainability credentials, targeting BREEAM Outstanding, EPC A, WELL Platinum, and NABERS 5 Stars. Practical completion is targeted for Q1 2029.
The development is being delivered by a joint venture between Benson Elliot, the European real estate private equity arm of MetLife Investment Management, and Hobart Capital Partners, which is acting as development manager.
Knight Frank advised the joint venture on leasing; Newmark & Savills advised Lockton.
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